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Goods and Services Tax MCQ Questions & Answers

Goods and Services Tax MCQs : This section focuses on the "Goods and Services Tax". These Multiple Choice Questions (MCQs) should be practiced to improve the Goods and Services Tax skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.




Question 1

In India, the GST is a dual model of

A. UK
B. Canada
C. USA
D. Japan

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Question 2

Goods and Service Tax (GST) is an upgraded version of Value Added Tax (VAT).

A. True
B. False

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Question 3

What is the full form of GST?

A. Goods and Supply Tax
B. Goods and Services Tax
C. General Sales Tax
D. Government Sales Tax

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Question 4

What does ā€œIā€ in IGST stands stand for?

A. Internal
B. Intregrated
C. Internal
D. Intra

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Question 5

Goods and Services Tax is an indirect tax used in India on the supply of goods and services.

A. True
B. False

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Question 6

The maximum rate for CGST is?

A. 28
B. 12
C. 18
D. 20

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Question 7

The maximum rate for SGST/UTGST is?

A. 28
B. 14
C. 20
D. 30

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Question 8

India GST structure are based on how many structures?

A. 6
B. 4
C. 3
D. 5

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Question 9

Which code is used to classify goods and services under GST?

A. HSN Code
B. SAC/HSN Code
C. GST Code
D. SAC Code

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Question 10

GST was implemented in India from

A. 1st January 2017
B. 1st April 2017
C. 1st March 2017
D. 1st July 2017

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